2121. That is the oldest house in that business in Shetland, is it not?-I believe it is.

2122. The other partner of the house is your brother-in-law, Mr. William Bruce Tulloch?-Yes.

2123. You succeeded your father in the business?-Yes. I was in business with him for a good many years before his death.

2124. Besides carrying on that business, you also act as a trustee or factor?-Yes; in bankruptcies. I am also treasurer for the Shetland Widows' Fund under Anderson's Trust.

2125. And in that capacity you have the management of a considerable income to be devoted to charitable purposes?-Yes; I am a member of the local committee. There are three other gentlemen on the committee. And I am also treasurer, and have been so for a long time. I was appointed by Mr. Anderson in his lifetime, and I have always been so since.

2126. In the Shetland hosiery business you get the goods from the women knitters, who I believe are of two classes: those who knit for you, and those who sell to you?-Yes. There are those who bring the article and just exchange it over the counter. The greater part of our business now consists in the exchanging of goods, rather than in the employing of women to knit for us. Some years ago we were more in that way than we are now. Our principal business now just consists in buying their own productions, or rather, I should say, in the exchanging of them.

2127. By using the word exchanging, what is it that you mean to imply?-I mean to make a difference between that and buying for actual cash. If I were using the word, buying, it might convey the idea that we pay cash down. When I say exchanging, I mean that they bring us the article, and we give them other articles in exchange for it.

2128. By that you mean to imply that the transaction is understood as a barter?-Precisely.

2129. What is the character of the stock that you keep?-Drapery articles altogether, and general soft goods. The only grocery goods we keep are tea and soap.

2130. And the exchanges which you make with your customers for their hosiery are of drapery goods, tea, and soap?-Yes.